SPOT NONFAT DRY MILK - CONTRACT SPECS
| CONTRACT SIZE | 41,000 - 45,000 lbs. of Nonfat Dry Milk ( ˜˜18 - 20 metric tons) |
| PRODUCT DESCRIPTION | Nonfat Dry Milk - Grade A |
| PRICING UNIT | Cents per pound |
| TICK SIZE (MINIMUM FLUCTUATION) | $0.0025 per pound (= $102.50 - $112.50 per contract) |
| TRADING HOURS |
CME Direct Auction Platform MON–FRI: 11:30 a.m. – 11:40 a.m. |
| LAST TRADE DATE / TIME VIEW CALENDAR | None |
| CONTRACT MONTHS VIEW LISTINGS | None |
| SETTLEMENT PROCEDURE | Dairy Spot Call Settlement Procedure |
| TICKER SYMBOLS | View Product Codes View Vendor Codes |
| RULEBOOK CHAPTER | 12 |
| EXCHANGE RULE | These contracts are listed with, and subject to, the rules and regulations of CME. |